As advised on previous blog any rise in the market would be a sell opportunity.Nifty could not sustain to its high and fell sharply in the close.
Support for the day is 4830 and resistance is 4900 .Indications are very clear that expiry would be in the range of 4800-4880.
Weakness remains in the market which gives a fear of testing 4650 in the June contract.
Market is never wrong-Opinions are often.Time in the market is more important than timing the market.Simplest rule for wealth creation-Buy at low , Sell at high. Knowing a fact is a pure fiction only application is real.A knowledge which can't create a wealth is not worth having. There is no other magic in the real world as prediction.